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USD/BRL likely to move to 3.00 by year-end; Barclays

Friday, February 20, 2015 8:51 AM UTC

Quotes from Barclays Capital:

-Tighter monetary policy, continued FX interventions and constructive fiscal policy set the BRL apart from the EM pack. However, the medium-term outlook for the BRL is not as rosy.

-We expect the currency to weaken on account of its weak external fundamentals and we forecast the BRL to move to by year-end.

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USD/BRL likely to move to 3.00 by year-end; Barclays

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